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Basis remains positive for both corn and soybeans, though below the respective three-year averages.
Putin mulls return to Black Sea grain pact | Farm bill update | SPR | Helping Taiwan
Corn and wheat futures are expected to open higher amid Black Sea supply concerns after Russia attacked a Ukrainian port on the Danube River. Soybeans are expected to open lower on forecasts for improved weather.
Corn and wheat futures posted corrective gains overnight after Russia attacked a key Ukrainian port but have come well off their highs this morning. Soybeans initially traded higher but have weakened.